Skip to main content

Panama plans new highway link

Panama's Government is giving its approval for changes to the contract for the second stage of the Madden-Colon highway.
February 9, 2012 Read time: 1 min
Panama's Government is giving its approval for changes to the contract for the second stage of the Madden-Colon highway. Under the new terms the concession holder Concesionaria Madden-Colon, a subsidiary of Brazilian contractor 1305 Odebrecht, has until 2012 to complete the 15km project. The work is expected to cost US$218.5 million.

For more information on companies in this article

Related Content

  • Delays for key Brazilian road projects
    March 3, 2016
    A series of major road projects in Brazil now look set to be delayed. Key road widening projects works awarded between 2012 and 2013 may now take longer than the original five year deadline to complete. Six road concession projects were awarded in the period, totalling over 3,000km of roads to be extended or upgraded. The contracts require that at least 10% of the planned work must be complete before any tolls can be charged. This initial phase has been carried out, but later stages to expand the roads have
  • Work to start on Mianyang-Jiuzhaigou Expressway, China
    March 24, 2014
    Work on the new 218.5-kilometre Mianyang-Jiuzhaigou Expressway in Sichuan province, China is expected to begin later this year. Upon completion of the US$4.91 billion (CNY 30.58 billion) megaproject, the travel time from Chengdu city in the province to Jiuzhaigou via the expressway will take only 210 minutes. The expressway is expected to be completed within 60 months and is scheduled to be operational no later than 31 December 2018. Meanwhile, construction of the Ziyuan-Xing'an highway has fully started.
  • Paruvian road concession package cancelled
    April 26, 2019
    The concession package for Peru’s Vía Expresa Sur road project is being cancelled. The deal was originally awarded to the Peruvian company, Grana y Montero (GyM). However the involvement of Brazilian firm Odebrecht in the project have resulted in the deal being cancelled. Odebrecht has been linked to string of corruption scandals. The tender process for the 5km road section will be reopened as a result. The project is intended to cut journey times in Lima, with the work expected to cost US$200 million.
  • Panama City’s Tumba Muerto-Via Israel road upgrade to end in December 2013
    September 24, 2013
    The US$396 million upgrade of the Tumba Muerto-Via Israel road in Panama City, including four flyovers and four tunnels to alleviate traffic jams, is expected to be completed by the end of December 2013. More than 630,000 drivers will benefit directly when section one of the scheme, costing $216 million, is inaugurated in 15 days. Section two, which is 80% complete, requires a $180 million investment and will benefit 250,000 drivers. It is expected to open at the end of October 2013. Meanwhile, minist